In a world where wizards cast spells with spreadsheets and eight-eyed owls trade in futures, crypto analyst Brett has returned like a particularly persistent ghost to haunt the Bitcoin price. This comes as BTC flounders above $100,000, raising questions about whether the bull market has been struck by a particularly aggressive case of the Mondays. [i]
Analyst Reveals What’s Next For The Bitcoin Price
In an X post that could double as a modern-day runescription, Brett declared that if Bitcoin starts closing weekly candles below the 50W MA (Moving Average, for those who’ve never tried to track a dragon’s tail), the odds of this being the “top” increase. Notably, Brett previously predicted October’s peak-like a soothsayer who just got lucky and then leaned into it. After rallying to a new all-time high of $126,000 last month, BTC has since been on a decline, much like the morale of a samurai after discovering his sword is made of cheese.
Brett further opined that if the 4-year cycle continues (a concept as reliable as a weather forecast in the Ramtops), $55,000-$75,000 could be a “buy zone.” That’s a 40-55% drawdown from the highs, which sounds suspiciously like the price of entry for a discount eldritch horror. He also claimed a prolonged bear market is unlikely due to “diminishing returns,” which might just be the universe’s way of saying “we’re done here.”
Of course, Brett admitted Bitcoin could go lower. “Long-term bullish,” he said, “but respecting the four-year cycle in the short term.” A noble stance, akin to a knight respecting a dragon’s lunch break.
Crypto analyst Michaël van de Poppe, meanwhile, declared the four-year cycle “dead,” claiming the market is just in a “regular correction.” It’s the crypto equivalent of telling a werewolf it’s just a “bad hair day.” Bitwise CIO Matt Hougan chimed in similarly, suggesting BTC’s bull run will stretch into next year. One wonders if these experts have ever heard of entropy or the concept of “surprise.”
BTC Needs To Hold Above $100,000
Analyst Titan of Crypto warned that Bitcoin must hold above $100,000 to avoid “losing its bull structure,” which sounds like a financial version of the Bridge of Death. He noted BTC had touched the monthly Tenkan line at $101,000-a technical term as clear as a wizard’s prophecy-and that a breakdown could send it tumbling to the Kijun line at $85,000. A fate as certain as a wizard’s apprentice forgetting the incantation mid-spell.
Titan also outlined a “best-case scenario” where BTC closes back inside a rising wedge above $120,000. But first, he warned, liquidity below might be “grabbed”-a process likely involving goblins with clipboards and a suspiciously large amount of glitter.
At the time of writing, Bitcoin trades at ~$101,800, down 2% in 24 hours. A reminder that in crypto, even a 2% dip feels like the sky is falling-or, as the Discworld would say, “the gods are bored and want a laugh.”
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2025-11-07 20:44